JSC International Insurance Company (IIC) has once again confirmed compliance with the international standard ISO 9001: 2008 on the results of auditing.
According to IIC, the auditor was the local office of SGS. This is a permanent auditor of the local insurer since 2006 (previously the standards were certified by Kazakh and Uzbek representations).
The parameters of the audit includes the leadership of senior management, training and work representative for quality, qualification of the personnel in the development of quality management system, the implemented effective corporate electronic system based on software INSURE-AZ, the high level of activity in the field of archiving and storage of documents and order records management.
IIC was founded by the International Bank of Azerbaijan in 2002. In 2012, it received a perpetual license for insurance activity. The authorized capital is 14.8 million manats. --17D-
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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